Kroenke Buys Angels for Record $4 Billion
Multi-sport billionaire Stan Kroenke is set to take over the Angels from longtime owner Arte Moreno in a deal that sets a new MLB franchise sale record.
Arte Moreno has agreed to sell the Los Angeles Angels to Stan Kroenke for $4 billion, a record price for a controlling stake in an MLB franchise. The deal surpasses the $3.9 billion sale of the San Diego Padres to Kwanza Jones and José E. Feliciano earlier in the same year. Kroenke, whose net worth Forbes estimates at $24.3 billion, becomes the wealthiest owner in MLB, ahead of Mets owner Steve Cohen. The ownership change is seen as a positive development for the Angels' long-term outlook.
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The Los Angeles Angels are undergoing an ownership change via a team sale; Rhett Bollinger's official MLB FAQ breaks down what fans need to know.
Angels Ownership Sale Officially Underway
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